PPP Loan information for Medway cafe inc

$407,823

Medway cafe inc was initially approved for PPP Loan of amount $407,823, the current approved amount is $407,823. The loan was approved on 02/02/2021 by The Mechanics Cooperative Bank reported 65 jobs and $407,823 was used to fund payroll.

Medway cafe inc is Existing or more than 2 years old

PPP Loan Search / MA / Medway / Medway cafe inc

MEDWAY CAFE INC

Date Approved

02/02/2021

SBA Office Code

0101

Processing Method

PPS

Borrower Name

MEDWAY CAFE INC

Borrower Address

74 Main St

Borrower City

Medway

Borrower State

MA

Borrower Zip

02053-1824

Loan Status Date

05/06/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

407823.00

Current Approval Amount

407823.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

89240

Servicing Lender Name

Mechanics Cooperative Bank

Servicing Lender Address

308 Bay St

Servicing Lender City

TAUNTON

Servicing Lender State

MA

Servicing Lender Zip

02780-1834

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Medway

Project County Name

NORFOLK

Project State

MA

Project Zip

02053-1824

CD

MA-02

Jobs Reported

65

NAICS Code

722511

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

407820.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

89240

Originating Lender

Mechanics Cooperative Bank

Originating Lender City

TAUNTON

Originating Lender State

MA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

412728.20

Forgiveness Date

04/21/2022

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